Amid all the din surrounding the Wizard of Omaha’s endorsement of Paytm’s pole position in the Indian Paymentech space, an endorsement which must be the proudest moment for any entrepreneur, but the day belonged to another Indian. This is the story of an Indian runner who has (reportedly) never won a gold in any national […]Read More Hats off Manjit Singh!!!
After what seems like a lifetime, I am happy to announce that Artha Venture Fund-I (AVF-I) is officially an Alternative Investment Fund (AIF) after SEBI’s grant of the approval. Our team is ecstatic about receiving this news and we are currently working on the final leg of processes, i.e. signing up Limited Partners (LPs) that […]Read More It’s Official, AVF-I is Finally Here!!
Siri tells me that it took 1,347 days from my first blog post, Dropping Out Of The Rat Race… to my 100th blog post. Thereby, on an average taking 13.5 days to write each blog post. If I remove the 31 blog posts written in 66 days of this year, the average will shoot up […]Read More How Did You Die
I just got back from my trip to Kolkata which was planned in order to introduce the founding team of an upcoming investment to Mr. Aditya Ladsaria of Chaibreak (an Artha investee) and Mr. Miftaur Rahman of Wow Momos (a fantastic venture that I deeply respect but unfortunately didn’t get a chance to invest in). […]Read More The Funded Entrepreneurs Group
If all things are equal between two candidates that want me to be their mentor, what would be the difference, that would make all the difference? No, it’s not how equity you will give me or how much respect you have for me… The correct answer is – desperation. I am not referring to the […]Read More Desperation is the Name of the Game
One of my favorite entrepreneurial movies is Rocket Singh Salesman of the Year. The movie has a dialogue that goes, “customer ke toh naam mein hi mer likha hai” (the word customer has mer (pronounced “marr” is the Hindi word for ‘to die’) embedded in it). This single dialogue aptly defines the treatment meted out […]Read More Venture Idea: Putting the Custom in Customer Service
An interesting phenomenon has been noticed in startup presentations over the past few weeks. Founders have come up with innovative ways of showing large numbers that have nothing to do with what counts as revenues to the startup. Let me share a few examples with the explanations as provided. Gross Transactional Value: this the value […]Read More Fluff Metrics
Exactly a year ago, I wrote about a growing malaise in the angel investment ecosystem in the post You are NOT an angel investor. It is serendipity that I am writing about sub 5-lakh ($7500) investments from angel investors that are starting to cloud the cap table. Founders that are raising multiple small cheques from […]Read More Beware of This Type of Angel Investor!
Many people love my Twitter handle and Blog name, ShowMeDamani. They usually always ask, how it came about. For starters, it was inspired by this iconic scene from one of my favorite movies This is the detailed backstory to how my nickname became my nickname: I started my career as a D2D salesman in Texas, […]Read More How I became ShowMeDamani
This past Saturday, I was at a IIT-Kharagpur as a panelist in their 2018 version of the Global Entrepreneurship Summit. As an early stage investor on a panel that included 2 entrepreneurs and 1 corporate VC the different viewpoints we provided to the same questions was eye-opening. At a point in the discussion the moderator, […]Read More Investor Speak: A Single Founder vs A Founding Team